Back-To-School Shoppers Affected By Inflation

Inflation is throwing a wrench into families’ back-to-school shopping plans.

A survey from Credit Karma found that one in three parents can’t afford back-to-school shopping or would have to go into debt to cover the cost of school supplies.

However, a separate survey from Bankrate found that most families were feeling less financial pressure in 2024 compared to last year’s back-to-school season.

Families are expected to spend more than $40 billion on back-to-school shopping this year.

Is your back-to-school shopping done? What prices have changed the most?

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